Roth MKM analyst Scott Stember keeps a Neutral rating and $72 price target on Thor Industries after the company’s better than expected Q4 results and in-line guidance for FY24. The firm remains cautious on the stock amid weak RV retail conditions, financial stress on dealers, and a highly uncertain outlook for FY24 due to higher interest rates and unknown pricing dynamics related to the FY24 model year launch, the analyst tells investors in a research note.
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Read More on THO:
- Thor falls after quarterly results and guidance amid mixed economic enviroment
- Thor says FY24 North America operations plan reflects forecasted industry range
- Thor Industries sees FY24 EPS $6.25 -$7.25, consensus $7.12
- THOR Industries Announces Fourth Quarter and Fiscal 2023 Results
- Thor Industries reports Q4 EPS $1.68, consensus 96c